Rental Operations

November Rates Up $6.68, Continuing Trend

December 6, 2017
• by Staff

The turnaround in rates exhibited over the last half of 2017 has continued into November, as the nationwide average rate quote has shown gains year-over-year for every month since June. November rate quotes were up $6.68, the second highest increase since June.

Rate surveys of the top 50 airports are conducted every Friday by Rate Highway and the monthly averages are calculated using four or five weekly averages. Rate quotes have been up each week year over year since the June 2 survey — a continuous run of 27 weeks.

The de-seasonalized weighted average graph shows that rates actually turned around in February after a major drop in December and January — but it wasn’t until June that rates rose back above previous year levels. The recent increases have extended across all regions. With only two exceptions, all five regions have been up year over year every month since June.

Rate data provided by Rate-Highway, a provider of revenue management services for the auto rental industry. Rates are a monthly average of weekly surveys of aggregator/OTA rates for vendors present in the markets listed on the date of the survey.

These tables and graph show the average of all daily base rate quotes for an ICAR at the 50 largest U S airports weighted by deplanements, for arrivals 15 to 21 days ahead of the date of the survey, for two- and seven-day rentals.

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